Presidential debate tonight

[dagolfer33]

The fundamental problem/scenario in play here with imports: American widget manufacturing company with $35/hr union employees makes widget, final product raw cost $40. Chinese/Guatemala/Indonesia widget manufacturing company with $2/hr slave labor employees make widget, final raw cost $8. American consumers who are currently broked!cks have no other choice but to buy cheaper product. Not hard to figure out.

[jms62]

Originally Posted by dagolfer33

The fundamental problem/scenario in play here with imports: American widget manufacturing company with $35/hr union employees makes widget, final product raw cost $40. Chinese/Guatemala/Indonesia widget manufacturing company with $2/hr slave labor employees make widget, final raw cost $8. American consumers who are currently broked!cks have no other choice but to buy cheaper product. Not hard to figure out.

So what is the solution?

[Rudeboyelvis]

Originally Posted by jms62

So what is the solution?

Not allow foreign govt's of these competitors to devalue their currency in order for it to appear that their manufacturing is more advantagous?

If there is one thing Romney plans to do that I agree with is that he says he will level the playing field with respect to foreign trade day 1. Could blow up in his face, but the current track just slides us further and further down the slope, so worth a chance - nothing to lose at this point.

[jms62]

Originally Posted by Rudeboyelvis

Not allow foreign govt's of these competitors to devalue their currency in order for it to appear that their manufacturing is more advantagous?

If there is one thing Romney plans to do that I agree with is that he says he will level the playing field with respect to foreign trade day 1. Could blow up in his face, but the current track just slides us further and further down the slope, so worth a chance - nothing to lose at this point.

I agree with you but it is unenforceable and will lead to currency wars and it won't end well.

http://www.amazon.com/Currency-Wars-.../dp/1591844495

[dellinger63]

Posted this a bit ago but actions speak louder than words and looky how Harry Reid gets tough on China. Selling out American energy jobs to the Chinese with no middle man! Hypocrites, all of them.

Imagine a man who is willing to not only forego creating American Jobs but also eliminating some so the Chinese can come to NV and build a solar power plant with the cost of doing such to be passed on to Nevadans in the form of higher power bills.

Having a son who is representing said Chinese owned firm gives some indication of motive.

Wake Up America! This man could give a rats azz about the people in his home State. What do you think he think's of people of other States?

http://www.lvrj.com/opinion/costs-co...164858086.html

[cal828]

Originally Posted by jms62

So what is the solution?

This may be the solution: http://news.yahoo.com/us-may-soon-be...--finance.html

According to the talking heads, many of the companies that relocated to China and other places will eventually come back because of cheap energy to power factories, the American workers that are 3 times as productive as any other workers, better infrastructure and being closer to what is still the world's biggest market.

So maybe an economic recovery doesn't really have much to do with who becomes the next President?